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Segment Information
9 Months Ended
Jul. 31, 2014
Segment Reporting [Abstract]  
Segment Information
14. Segment Information
We have four operating segments which we aggregate into one reportable segment, in accordance with ASC Topic 280-10-50, “Segment Reporting” (ASC 280). This aggregation is based on factors including, but not limited to: (1) similar nature of products serving the building products industry, specifically the fenestration business; (2) similar production processes, although there are some differences in the amount of automation amongst operating plants; (3) similar types or classes of customers, namely the primary original equipment manufacturers (OEMs) in the window and door industry; (4) similar distribution methods for product delivery, although the extent of the use of third-party distributors will vary amongst the businesses; (5) similar regulatory environment; and (6) converging long-term economic similarities. The primary market drivers of our business are residential remodeling and replacement activity (R&R) and new home construction.
Prior to April 1, 2014, we presented two reportable operating segments: (1) Engineered Products and (2) Aluminum Sheet Products. In addition, we recorded LIFO inventory adjustments, corporate office charges and inter-segment eliminations as Corporate & Other. On April 1, 2014, we sold Nichols, the sole operating segment included in our Aluminum Sheet Products reportable segment. To account for Nichols as a discontinued operation, we reclassified certain costs from Corporate & Other to Nichols, including a portion of the LIFO reserve, as well as insurance accruals related to incurred but not reported workers compensation claims, to properly reflect these direct expenses as a component of the disposal group.
The following table reconciles our segment presentation as previously reported in our Quarterly Report on Form 10-Q for the quarter ended July 31, 2013, to the current presentation.
Three Months Ended July 31, 2013
As Previously Reported
 
Discontinued Operations
 
Reclassification
 
Current Presentation
Engineered Products
 
 
 
 
 
 
 
Net sales
$
156,765

 
$

 
$

 
$
156,765

Inter-segment sales
58

 
(58
)
 

 

Depreciation and amortization
8,067

 

 
2,306

 
10,373

Operating income (loss)
18,561

 

 
(11,195
)
 
7,366

Capital expenditures
$
3,343

 
$

 
$
1,265

 
$
4,608

 
 
 
 
 
 
 

Aluminum Sheet Products
 
 
 
 
 
 

Net sales
$
102,409

 
$
(102,409
)
 
$

 
$

Inter-segment sales
2,789

 
(2,789
)
 

 

Depreciation and amortization
1,820

 
(1,820
)
 

 

Operating income (loss)
(490
)
 
250

 
240

 

Capital expenditures
$
4,926

 
$
(4,926
)
 
$

 
$

 
 
 
 
 
 
 

Corporate & Other
 
 
 
 
 
 

Net sales
$

 
$

 
$

 
$

Inter-segment sales
(2,847
)
 
2,847

 

 

Depreciation and amortization
2,306

 

 
(2,306
)
 

Operating income (loss)
(10,955
)
 

 
10,955

 

Capital expenditures
$
1,265

 
$

 
$
(1,265
)
 
$


Nine Months Ended July 31, 2013
As Previously Reported
 
Discontinued Operations
 
Reclassification
 
Current Presentation
Engineered Products
 
 
 
 
 
 
 
Net sales
$
388,024

 
$

 
$

 
$
388,024

Inter-segment sales
75

 
(75
)
 

 

Depreciation and amortization
23,637

 

 
4,579

 
28,216

Operating income (loss)
27,303

 

 
(37,571
)
 
(10,268
)
Capital expenditures
$
11,718

 
$

 
$
9,475

 
$
21,193

 
 
 
 
 
 
 

Aluminum Sheet Products
 
 
 
 
 
 

Net sales
$
289,321

 
$
(289,321
)
 
$

 
$

Inter-segment sales
10,172

 
(10,172
)
 

 

Depreciation and amortization
5,173

 
(5,173
)
 

 

Operating income (loss)
(5,187
)
 
5,674

 
(487
)
 

Capital expenditures
$
13,324

 
$
(13,324
)
 
$

 
$

 
 
 
 
 
 
 

Corporate & Other
 
 
 
 
 
 

Net sales
$

 
$

 
$

 
$

Inter-segment sales
(10,247
)
 
10,247

 

 

Depreciation and amortization
4,579

 

 
(4,579
)
 

Operating income (loss)
(38,058
)
 

 
38,058

 

Capital expenditures
$
9,475

 
$

 
$
(9,475
)
 
$